Alejandro Gershanik Acquires Multifamily Property In North Miami Beach For $3.36 Million
17031 Northeast 21st Avenue
$3,360,000
$323/SF
Building Size
10,400 SF
Asset Type
MultiFamily
Closing
Jul 10, 2026
AI
The property asset involved in the transaction is located at 17031 Northeast 21st Avenue in North Miami Beach. This multifamily asset consists of 16 units and spans 10,400 square feet. The total sale price achieved for this property was $3,360,000, averaging $210,000 per unit and $323 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,360,000
- Units: 16
- Square Footage: 10,400
- Price Per Unit: $210,000
- Price Per Square Foot: $323
- Buyer: Alejandro Gershanik
- Seller: Jacob Ohayon
- Broker Representatives: Joseph Thomas & Alec Demetriou - Marcus & Millichap
This transaction involved the buyer, Alejandro Gershanik, acquiring the property from seller Jacob Ohayon, with the brokerage services provided by Joseph Thomas and Alec Demetriou from Marcus & Millichap, representing the respective parties in this deal.
Players
North Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.72%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93